Touchstone Exploration (LON:TXP) Given “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Touchstone Exploration (LON:TXP) in a report released on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 60 ($0.76) target price on the stock.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Touchstone Exploration in a research note on Wednesday, November 13th.

Touchstone Exploration Stock Up 13.5 %

LON:TXP opened at GBX 24.75 ($0.31) on Friday. The firm has a market capitalization of £58.52 million, a P/E ratio of -618.75 and a beta of 0.70. The company has a fifty day moving average of GBX 30.85 and a 200 day moving average of GBX 31.67. Touchstone Exploration has a 52 week low of GBX 20.63 ($0.26) and a 52 week high of GBX 58 ($0.73).

Touchstone Exploration Company Profile

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.